Investing and Trading News, with a Contrarian, Sarcastic Twist!
Of course we’re talking about… …all at once now… Muni bonds! Yay! Of course, municipalities far and wide have no way to pay back their increasing deficits amidst falling tax revenues. Of course you knew this already, being an astute reader and no doubt a contrarian thinker. But the mainstream press is even starting to […]
Last week, a buddy from college sends me an email: “Hey, I got a little bit of cash sitting around, earning next to nothing in a savings account. Anything you’d recommend to get this cash working for me?” “Not really – everything looks pricey right now…hey, does that mean you paid off your law school […]
Volatility on the S&P is nowhere to be seen these days – perhaps the market crash was merely a figment of our imaginations! The VIX is low, and it continues to head lower. (Source: Yahoo Finance) As you can see from our experience in 2008, when the VIX breaks out, it breaks out in a […]
In the latest Casey Report, Doug Casey has a great rant about the pointless US Census – we’ll see if we can republish it here at some point. Towards the end, Doug shared a link to a Christopher Walken SNL skit that is absolutely hysterical. If you, like me, are disgusted at the entire process […]
Regular readers know that while we are more sympathetic to the deflation argument, at least in the near term, we keep our ears open to the inflation camp as well. And that’s not hard to do, as some inflation believers become quite hostile at the mere muttering of deflation! For my money, the guy with […]
The bond vigilantes are circling the wagons in Greece, as investors are coming to grips with the obvious fact that Greece is not going to be able to honor its debt obligations. Yields on Greece’s 10-year bonds soared above 7 percent today. Reuters reports: Jitters about Greece resurfaced following reports that Athens wants to amend […]
Can you spot the trend? Chart courtesy of http://www.calculatedriskblog.com/ Hat tip to friend, reader, and monetary expert Dave for sending this gem along. For further reading on the real estate trainwreck, check out this interview with real estate entrepreneur and guru Andy Miller.
Quantitative Easing Ends (At Least For Now) April 1st marked the end of the Fed’s renowned money printing program, also known as “Quantitative Easing” for those who prefer to stick their heads in the sand and ignore what’s actually happening. From The Daily Reckoning: Under the (QE) program, the Federal Reserve graciously bought $1.25 trillion […]
Great piece by Clay Shirky entitled “The Collapse of Complex Business Models.” It’ll make you think, for sure, as Clay points out the mysterious tendency of complexity to simply collapse throughout human history – think Romans, Mayans, etc. Sometimes the more a society or sector advances, the stronger the pull back towards simplicity – with […]
Richard Russell thinks the bond market may be saying ENOUGH with the quantitative easing, reports The Daily Crux. From his Dow Theory Letters: The bond market is now very close to saying, “We’ve had enough.” … Many older subscribers probably remember my lifelong emphasis on the POWER of COMPOUNDING. But what of the power of […]
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